Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Saudi Printing & Packaging decreases further 0.3% - underperforming 100% of stocks 19 October 2017 17:28 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Saudi Arabian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Saudi Printing & Packaging, Saudi Arabia's 2nd largest media and publishing company by market capitalisation, has dropped 50.0 hallalah (or 2.5%) today to trade at SAR19.14 and has underperformed 100% of the market in the past month. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price change of -3.5%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.92 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price plummeted 16.8% in the last month.

Note

Bullish Signals:

In the last three months the stock has hit a new 52-week high thrice.

The present value of SAR1,000 invested one year ago is SAR1,726 [vs SAR1,270 for the All Share Index (TASI)].

TODAY'S ALERT

Afternoon Alert: Saudi Printing & Packaging drops 2.2% - underperforming 100% of stocks

19 October 2017 14:37 AST

Saudi Printing & Packaging CO (TASI:4270) has dropped 44.0 hallalah (or 2.2%) today to trade at SAR19.20 and has underperformed 100% of the market in the past month.

RECENT ALERTS

Morning Alert: Saudi Printing & Packaging accelerates rise, now up 5.1% in 3 days

18 October 2017 11:28 AST

Saudi Printing & Packaging CO (TASI:4270) is up 98.0 hallalah (or 5.1%) over the past three trading days. After rising 0.9% on Monday, and 1.5% on Tuesday, the stock rose 2.7% on Wednesday to trade at SAR20.10 vs. the All Share Index (TASI) that is up 0.3% in the same period.

Morning Alert: Saudi Printing & Packaging drops 2.2% - underperforming 99% of stocks

16 October 2017 11:26 AST

Saudi Printing & Packaging CO (TASI:4270) has dropped 42.0 hallalah (or 2.2%) today to trade at SAR18.70 and has underperformed 99% of the market in the past week.

Saudi Printing & Packaging CO (SA:4270; SAU:4270; AB:4270)

ISIN: SA000A0MSX40

PermID: 4298007728

Source: www.BuySellSignals.com